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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Young men upbeat on housing, Gallup says
Posted on 11/14/2006 05:28 AM | Link | Post Comment
New Gallup poll on national views...
• Looking ahead, just 41% of Americans expect the value of their home to increase during the next year; 43% of homeowners say the value will stay the same and 13% say it will decrease.
• Most interestingly, younger men (those aged 18 to 49) are the most optimistic group about their current and future home values. Seventy-four percent of male homeowners aged 18 to 49 say the value of their home increased during the past year, compared with 68% of men aged 50 and older, 57% of women aged 18 to 49, and 65% of women aged 50 and older. Half of men in this age group expect the value of their home to increase during the next year, while roughly 4 in 10 older men or women in any age range feel this way.
To read more, CLICK HERE
S&L trends "troubling," chief regulator says
John M. Reich, director of the federal S&L regulator, Office Of Thrift Supervision, gave this assessment of the financial health of this mortgage-heavy industry last week ....
"Since April, both lagging and leading indicators have been troubling. Profits have been declining at many institutions as a result of declining margins due to slower mortgage originations. This has been a particular concern for smaller institutions. For the first six months of 2006, the average return on assets (ROA) for all institutions was 1.34; however, the average ROA was only 1.07 for institutions with assets less than $100 million."
"Particularly troubling are the leading indicators – responses that we are seeing from institutions to the phenomenon of declining margins and profitability. Among the concerns we have identified are institutions purchasing loan participations without adequate documentation. And, as predicted, there has been an overall slippage in underwriting due to increased competition in certain markets segments and areas. In particular, loan pricing continues to misalign with credit risk, and there continues to be an increased liberalization of terms by some institutions in order to maintain loan volume. Finally, there continues to be excessive dependence on wholesale funding by a number of institutions."
His full speech can be FOUND HERE
Housing Bubble and Real Estate Market Tracker on Nov 13th, 2006 in Market Overview by Judy Weil
• Looking ahead, just 41% of Americans expect the value of their home to increase during the next year; 43% of homeowners say the value will stay the same and 13% say it will decrease.
• Most interestingly, younger men (those aged 18 to 49) are the most optimistic group about their current and future home values. Seventy-four percent of male homeowners aged 18 to 49 say the value of their home increased during the past year, compared with 68% of men aged 50 and older, 57% of women aged 18 to 49, and 65% of women aged 50 and older. Half of men in this age group expect the value of their home to increase during the next year, while roughly 4 in 10 older men or women in any age range feel this way.
To read more, CLICK HERE
S&L trends "troubling," chief regulator says
John M. Reich, director of the federal S&L regulator, Office Of Thrift Supervision, gave this assessment of the financial health of this mortgage-heavy industry last week ....
"Since April, both lagging and leading indicators have been troubling. Profits have been declining at many institutions as a result of declining margins due to slower mortgage originations. This has been a particular concern for smaller institutions. For the first six months of 2006, the average return on assets (ROA) for all institutions was 1.34; however, the average ROA was only 1.07 for institutions with assets less than $100 million."
"Particularly troubling are the leading indicators – responses that we are seeing from institutions to the phenomenon of declining margins and profitability. Among the concerns we have identified are institutions purchasing loan participations without adequate documentation. And, as predicted, there has been an overall slippage in underwriting due to increased competition in certain markets segments and areas. In particular, loan pricing continues to misalign with credit risk, and there continues to be an increased liberalization of terms by some institutions in order to maintain loan volume. Finally, there continues to be excessive dependence on wholesale funding by a number of institutions."
His full speech can be FOUND HERE
Housing Bubble and Real Estate Market Tracker on Nov 13th, 2006 in Market Overview by Judy Weil
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